Carreras as high as $108 after stock split announcement.
Shareholders in cigarette marketers, Carreras could be enjoying the benefits that could flow from a stock split.
The company today advised that the Board of Directors will meet on August 8, to consider whether to recommend to the Company’s stockholders for consideration at the upcoming General Meeting scheduled for September 6, a split of the Company’s issued shares.
In Wednesday’s trading investors pushed the price to $108 in early trading. In recent weeks the stock has become very scares with low interest rates in the system and high dividend paid by the company.
Others to likely split as liquidity continues to dry up are Palace Amusement, Blue Power, Access Financial and NCB Financial Group that now has little selling of its shares with the price over $80 and 33 percent growth in earnings that should push full year earnings to more than $8 per share. Management of the company at a recent press briefing stated that no consideration has been given for this and suggested that the company won’t benefit from it. That in fact is not a correct statement as both the company and shareholders will benefit if it were to take place.
The main market ended with 24,165,397 units valued at $225,427,641 changing hands compared to 2,406,199 units valued at $41,645,948 at the close on Friday. Trading in the US dollar market accounted for 323,789 units valued at US$75,331 bringing the total of all trades to J$235,070,022.
Mayberry Investments lost 2 cents to close at $4.60 trading 3,333 shares, NCB Financial Group traded $1 higher to a record close of $81, after exchanging 324,498 shares, 138 Student Living closed at $5.01, gaining 1 cent with 15,003,952 units having traded, PanJam Investment closed at $34 trading 111,124 shares, Pulse Investments gained 14 cents to close at $2.45, with an exchange of 7,425 shares, Radio Jamaica lost 4 cents, closing at $1.41 with 1,500 shares exchanged. Sagicor Group jumped $2.50 to $33.50, with 321,349 shares changing hands, Sagicor Real Estate Fund traded $1.22 higher to $12.02, closing trading with 6,527,000 shares, Salada Foods gained 33 cents to close at $9.33, with 20,000 shares changing owners, Scotia Group closed at $44.98, gaining 18 cents with trades of 35,300 shares, Seprod closed at $30.01, with a gain of 1 cent exchanging just 100 units, Supreme Ventures lost 19 cents to close at $7.80 with 805,910 shares exchanged. Proven Investments US ordinary shares closed at 22 US cents, losing 2 US cents in trading 323,789 units, JMMB Group 7.50% preference share closed at $1.17, with a loss of 2 cents exchanging 500 units and Jamaica Money Market Brokers 7.5% preference share lost 9 cents to close at $1.90 trading 20,000 units.
Caribbean Flavours and CAC 2000 that fell out of the top listing at the end of the prior week return this week with the exit of Express Catering , Lasco Financial that rose to $3.80 and Caribbean Cream that returned to $7.
At the close of the week, IC Insider.com’s TOP 10 Junior Market stocks now trade at an average discount of 42 percent to the Junior Market average, while those in the main market are trading at a 44 percent discount, to the average of the market, leaving stocks with room for growth in the months ahead.
The main market ended trading with an average of 96,248 units valued at 1,665,838 for each security traded compared to an average of 166,949 units valued at $2,146,344. The average volume and value for the month to date ended at 118,357 units with an average value of $2,356,369 compared with an average of 119,521 units with an average value of $2,389,059 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
Kingston Wharves closed 99 cents lower to $29.01, with 1,786 units switching owners. Mayberry Investments added 1 cent to close at $4.62 trading 51,333 shares, NCB Financial Group traded $3 higher to a record close of $80, after exchanging 120,834 shares, 138 Student Living closed at $5, gaining 45 cents, trading 948 units, PanJam Investment climbed $1, closing at $34 in trading 31,062 shares, Portland JSX lost 50 cents, closing at $9.50 while exchanging 81,517 shares, Pulse Investments traded 18 cents lower to $2.31, with an exchange of 404,166 shares, Radio Jamaica gained 15 cents to close at $1.45 with 17,772 shares exchanged. Sagicor Group lost 50 cents, with 13,171 shares traded, to close at $31, Sagicor Real Estate Fund gained 30 cents, closing at $10.80 and trading 202,621 shares, Scotia Group closed at $44.80, after losing 19 cents with 103,886 shares traded, Supreme Ventures gained 31 cents to close at $7.99 with 126,504 shares exchanged. Proven Investments US ordinary shares closed at 24 US cents trading 9,113 units, JMMB Group 7.25% preference share closed at a record $1.60, with gains of 5 cents exchanging 248 units, JPS 7% preference share traded 1,326 units at 45 cents and JMMB 7.5% preference share gained 14 cents to close at $1.99 trading 1,500 units.
The main market ended trading with an average of 166,949 units valued at $2,146,344 for each security traded compared to an average of 123,924 units valued at $1,919,690. The average volume and value for the month to date ended at 119,521 units with an average value of $2,389,059 compared with an average of 116,886 units with an average value of $2,402,544 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
Mayberry Investments closed at $4.61, with a gain of 6 cents trading 368,918 shares, NCB Financial Group traded $1.79 higher to a record close of $77, after exchanging 17,804 shares, 1834 Investments closed at $1.50, rising 10 cents with 11,205 shares traded, PanJam Investment gained $2 to $33 trading 24,727 shares, Portland JSX closed at $10 exchanging 3,700 shares, Radio Jamaica traded 6,898 shares at $1.30. Sagicor Group lost 50 cents, with an exchange of 30,292 shares, to close at $31.50, Sagicor Real Estate Fund declined 14 cents, closing at $10.50 while trading 2,472,421 shares, Scotia Group closed at $44.99, with trades of 1,000 shares, Scotia Investments traded $1.49 lower to close at $35.50, with an exchange of 1,260 shares, Seprod added 5 cents, closing at $30 with 580 units traded,Supreme Ventures lost 32 cents to close at $7.68 with 97,400 shares exchanged. Proven Investments US ordinary shares closed at 24 US cents trading 32,628 units, JMMB Group US 6% preference share closed at US$1.12 exchanging 6,044 units and JMMB Group 7.5% preference share gained 8 cents to close at $1.19 trading 43,500 units.
The main market of the Jamaica Stock Exchange indices rose sharply at the close on Wednesday with the All Jamaica Composite Index advanced 3,380.75 points to close at 260,956.07, the JSE Market Index rose 3,080.24 points to 237,760.54 and the JSE US dollar market index gained 0.89 points to close at 189.89. 
The average volume and value for the month to date ended at 116,886 units with an average value of $2,509,606 compared with an average of 116,472 units with an average value of $2,430,947 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
NCB Financial Group traded $1.16 higher to $75.21, after exchanging 37,026 shares, 1834 Investments closed at $1.40 with trades of 11,205 shares, PanJam Investment closed with a loss of $2 to $31 trading 2,673 units, Proven Investments closed at $24.71 with 250,000 shares traded, Pulse Investments gained 17 cents to close at $2.49 with 34,547 shares changing owners, Radio Jamaica closed at $1.30, with gains of 5 cents trading 15,036 shares. Sagicor Group gained 50 cents, with an exchange of 26,433 shares, to close at $32, Sagicor Real Estate Fund declined 56 cents, closing at $10.64 exchanging 393,442 shares, Scotia Group gained $1.48 to close at $44.99, with trades of 2,270 shares, Seprod closed at $29.95, with gains of 20 cents exchanging 1,940 shares, Supreme Ventures traded 6,900 shares at $8, having gained 20 cents. Proven Investments US ordinary shares closed at 24 US cents trading 123,899 units, JMMB 7.5% preference share closed at $1.85, losing 15 cents exchanging 304,177 units and JMMB Group 7.5% preference share traded 37,000 units at $1.11.
The main market ended trading with an average of 105,582 units valued at $1,172,402 for each security traded compared to an average of 96,184 units valued at $988,206. The average volume and value for the month to date ended at 116,472 units with an average value of $2,430,947 compared with an average of 117,153 units with an average value of $2,509,606 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
JMMB Group lost 20 cents to close at $19, with trades of 38,014 shares, Kingston Properties gained 5 cents to close at $7.20 exchanging 3,282 shares, Kingston Wharves traded $1 higher to $30, with 250 units switching owners. Mayberry Investments closed at $4.55, with an exchange of 31,000 shares, NCB Financial Group traded 87 cents lower to $74.05, after exchanging 29,557 shares, PanJam Investment closed with gains of $1 to $33, trading 8,427 units, Portland JSX exchanged 300 units at $10, Proven Investments gained 4 cents, closing at $24.71 with 261,700 shares traded, Pulse Investments fell by 17 cents to $2.32 with 54,907 shares changing owners, Radio Jamaica lost 5 cents to close at $1.25, trading 179,023 shares. Sagicor Group dropped 49 cents, with an exchange of 89,872 shares, to close at $31.50. Scotia Group lost 49 cents, closing at $43.51 with 86,085 shares trading, Scotia Investments closed with gains of 89 cents to $36.99 trading 18,000 units, Seprod lost 20 cents, closing at $29.75 trading 1,490 shares, Sterling Investments closed at $14, with a loss of 5 cents trading 570 units, Supreme Ventures traded 592,150 shares at $7.80. Proven Investments US ordinary shares lost 0.02 US cents to close at 24 US cents trading 260,398 units, Jamaica Money Market Brokers 7.5% preference share closed at $2, losing 10 cents exchanging 100,000 units and JMMB Group US 6% preference share traded 22,483 units at US$1.12.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 6 stocks with bids higher than their last selling prices and 1 with a lower offer.
Jamaica Producers gained 15 cents, closing at $14.15 with 10,186 shares traded. Jamaica Stock Exchange closed 49 cents higher at $6.49 while exchanging 16,751 shares, JMMB Group traded 2,140 shares at $19.20. Mayberry Investments gained 3 cents to close at $4.55, with an exchange of 1,000 units, NCB Financial Group retreated 8 cents to $74.92, after exchanging 18,129 shares, PanJam Investment lost 50 cents and closed at $32, with 2,259 units changing owners, Portland JSX traded 4,957 shares at $10, Pulse Investments closed at $2.49, with 2,700 shares trading, Radio Jamaica closed 10 cents lower to $1.30 trading 110,851 shares. Sagicor Group gained 24 cents, with an exchange of 28,063 shares, to close at $31.99. Scotia Group traded $3 higher to $44 with 49,135 shares changing hands, Scotia Investments closed with gains of 10 cents to $36.10 trading 1,200 units, Seprod gained 20 cents, closing at $29.95 while exchanging 2,000 shares, Supreme Ventures closed at $7.80, gaining 30 cents with 1,025,785 shares being exchanged. Proven Investments US ordinary shares gained 0.02 US cents to close at 26 US cents trading 6,528 units and JMMB Group US 6% preference share exchanged 473 units at US$1.12.
IPO being nearly 4 times oversubscribed with more than 1,000 applications received for the 52 million shares.
At the close of the week, IC Insider.com’s TOP 10 Junior Market stocks now trade at an average discount of 45 percent to the Junior Market average, while those in the main market are trading at a 49 percent discount, to the average of the market, leaving stocks with room for growth in the months ahead.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 6 stocks with bids higher than their last selling prices and 1 with a lower offer.
Jamaica Producers traded 70,303 shares at $14. Jamaica Stock Exchange closed 49 cents lower to $6, with 412,335 shares traded, JMMB Group exchanged 9,435 shares at $19.20, having gained 20 cents, Kingston Properties closed at $7.15 trading 12,526 units, Kingston Wharves declined $2 to close at $29 exchanging 15,846 units. NCB Financial Group jumped $2.99 to close at $75, after exchanging 45,368 shares, 1834 Investments traded 78,774 shares at $1.35, PanJam Investment closed at $32.50, gaining $2.05 with a turnover of 20,647 shares, Proven Investments added 2 cents to close at $24.67 exchanging 34,000 shares and Pulse Investments closed at $2.49, with gains of 24 cents and 34,600 shares changing owners. Sagicor Group lost 66 cents, with an exchange of 6,200 shares, to close at $31.75, Sagicor Real Estate Fund closed at $11.20, with a loss of 70 cents and 11,000 units being switching. Scotia Group traded $1 lower to $41 with 161,924 shares traded, Seprod lost 20 cents, closing at $29.75 trading 460,673 shares, Supreme Ventures fell 20 cents to $7.50, with an exchange of 24,297 shares. Proven Investments US ordinary shares gained 0.01 US cent to close at 24 US cents trading 34,000 units, Proven 8.25% preference share closed at $4.98, losing 2 cents with 9,700 units traded, Jamaica Money Market Brokers 7.5% preference share gained 5 cents to close at $2.10, with 9,890 units changing hands and JMMB Group US 6% preference share traded 6,774 units at US$1.12.
